Recently, Arad has become a popular destination for industrial development and this demonstrates the strenght in tenants demand from in-growth industries as logistics and automotive.
Located in UTA 2 Industrial Park with direct acces to the city ring road and only 5 km away from Arad downtown, the property is an exposure for us on the industrial and logistical market in Arad County, improving the quality of our portfolio.
The project comprises a total rentable area of approx. 7,000 sqm arranged in two industrial buildings and a land plot with complete infrastructure and facilities. At the date, there are three major tenants: TB&C, APTIV and Dynamic Parcel Distribution SA.
The purcahsed land enables additional developments of up to 10,000 sqm.